Boom to Bust – all encompassing guide?

[LA_Renter]

SD Bear the interesting thing about your post is that it confirms domestic out-migration is still intact.

[sd_bear]

I can tell you it absolutely is LA_Renter. Until I found this site last spring I had a really hard time justifying to my girlfriend why we should stay here rather than move to Texas with her parents (who by absolute sheer luck sold at the peak of the bubble in irvine).

She still buys what the mass media reports over what I’m telling her, but she is at least willing to ride out the coming storm. She say’s I’m the only person she knows that thinks house prices are going to plummet.

[sd_bear]

I can tell you it absolutely is LA_Renter. Until I found this site last spring I had a really hard time justifying to my girlfriend why we should stay here rather than move to Texas with her parents (who by absolute sheer luck sold at the peak of the bubble in irvine).

She still buys what the mass media reports over what I’m telling her, but she is at least willing to ride out the coming storm. She say’s I’m the only person she knows that thinks house prices are going to plummet.

[sd_bear]

I can tell you it absolutely is LA_Renter. Until I found this site last spring I had a really hard time justifying to my girlfriend why we should stay here rather than move to Texas with her parents (who by absolute sheer luck sold at the peak of the bubble in irvine).

She still buys what the mass media reports over what I’m telling her, but she is at least willing to ride out the coming storm. She say’s I’m the only person she knows that thinks house prices are going to plummet.

[sd_bear]

I can tell you it absolutely is LA_Renter. Until I found this site last spring I had a really hard time justifying to my girlfriend why we should stay here rather than move to Texas with her parents (who by absolute sheer luck sold at the peak of the bubble in irvine).

She still buys what the mass media reports over what I’m telling her, but she is at least willing to ride out the coming storm. She say’s I’m the only person she knows that thinks house prices are going to plummet.

[sd_bear]

I can tell you it absolutely is LA_Renter. Until I found this site last spring I had a really hard time justifying to my girlfriend why we should stay here rather than move to Texas with her parents (who by absolute sheer luck sold at the peak of the bubble in irvine).

She still buys what the mass media reports over what I’m telling her, but she is at least willing to ride out the coming storm. She say’s I’m the only person she knows that thinks house prices are going to plummet.

[LA_Renter]

Trust me SD Bear I can empathize with your situation. My household had those same discussions. Fortunately my wife worked in the mortgage industry in the late 90’s and had some background on this subject. During the peak we did an analysis of the mortgage products that were being used and the total lack of underwriting and her jaw literally dropped open and the weight from my shoulders was lifted along with the nightmares of being pressured into buying into this market.

I guess what I find interesting is that she says you are the only person she knows who thinks home prices are going to tank. I guess to most people on this board that debate is basically over. Now its turning to how much and what will happen to the desirable areas (in that how much will they fall, not are they going to fall). Show her the link on case shiller from this site

September Case-Shiller Numbers

Make the point that right now home prices are in the process of falling and work back to the reasons why thats happening using the primer people have pointed out. The best of luck to you I know how it feels.

[LA_Renter]

Trust me SD Bear I can empathize with your situation. My household had those same discussions. Fortunately my wife worked in the mortgage industry in the late 90’s and had some background on this subject. During the peak we did an analysis of the mortgage products that were being used and the total lack of underwriting and her jaw literally dropped open and the weight from my shoulders was lifted along with the nightmares of being pressured into buying into this market.

I guess what I find interesting is that she says you are the only person she knows who thinks home prices are going to tank. I guess to most people on this board that debate is basically over. Now its turning to how much and what will happen to the desirable areas (in that how much will they fall, not are they going to fall). Show her the link on case shiller from this site

September Case-Shiller Numbers

Make the point that right now home prices are in the process of falling and work back to the reasons why thats happening using the primer people have pointed out. The best of luck to you I know how it feels.

[LA_Renter]

Trust me SD Bear I can empathize with your situation. My household had those same discussions. Fortunately my wife worked in the mortgage industry in the late 90’s and had some background on this subject. During the peak we did an analysis of the mortgage products that were being used and the total lack of underwriting and her jaw literally dropped open and the weight from my shoulders was lifted along with the nightmares of being pressured into buying into this market.

I guess what I find interesting is that she says you are the only person she knows who thinks home prices are going to tank. I guess to most people on this board that debate is basically over. Now its turning to how much and what will happen to the desirable areas (in that how much will they fall, not are they going to fall). Show her the link on case shiller from this site

September Case-Shiller Numbers

Make the point that right now home prices are in the process of falling and work back to the reasons why thats happening using the primer people have pointed out. The best of luck to you I know how it feels.

[LA_Renter]

Trust me SD Bear I can empathize with your situation. My household had those same discussions. Fortunately my wife worked in the mortgage industry in the late 90’s and had some background on this subject. During the peak we did an analysis of the mortgage products that were being used and the total lack of underwriting and her jaw literally dropped open and the weight from my shoulders was lifted along with the nightmares of being pressured into buying into this market.

I guess what I find interesting is that she says you are the only person she knows who thinks home prices are going to tank. I guess to most people on this board that debate is basically over. Now its turning to how much and what will happen to the desirable areas (in that how much will they fall, not are they going to fall). Show her the link on case shiller from this site

September Case-Shiller Numbers

Make the point that right now home prices are in the process of falling and work back to the reasons why thats happening using the primer people have pointed out. The best of luck to you I know how it feels.

[LA_Renter]

Trust me SD Bear I can empathize with your situation. My household had those same discussions. Fortunately my wife worked in the mortgage industry in the late 90’s and had some background on this subject. During the peak we did an analysis of the mortgage products that were being used and the total lack of underwriting and her jaw literally dropped open and the weight from my shoulders was lifted along with the nightmares of being pressured into buying into this market.

I guess what I find interesting is that she says you are the only person she knows who thinks home prices are going to tank. I guess to most people on this board that debate is basically over. Now its turning to how much and what will happen to the desirable areas (in that how much will they fall, not are they going to fall). Show her the link on case shiller from this site

September Case-Shiller Numbers

Make the point that right now home prices are in the process of falling and work back to the reasons why thats happening using the primer people have pointed out. The best of luck to you I know how it feels.

[no_such_reality]

Let them go!

They are right. If they don’t go, prices won’t go down as much. The reason simple, they’ll jump back in before it get’s back to fundamentals. Then hordes of people that waited instead of emigrating will jump back in and prices will rocket up again, then speculators will start watching reruns of “Flip That House” and the cycle will repeat.

Seriously though, California is not likely to see reasonable prices by national standards any time soon. The prices will be much lower than they are now, but for the price, you will still less than half of what you could get elsewhere, even adjusted for the difference in wages.

[no_such_reality]

Let them go!

They are right. If they don’t go, prices won’t go down as much. The reason simple, they’ll jump back in before it get’s back to fundamentals. Then hordes of people that waited instead of emigrating will jump back in and prices will rocket up again, then speculators will start watching reruns of “Flip That House” and the cycle will repeat.

Seriously though, California is not likely to see reasonable prices by national standards any time soon. The prices will be much lower than they are now, but for the price, you will still less than half of what you could get elsewhere, even adjusted for the difference in wages.

[no_such_reality]

Let them go!

They are right. If they don’t go, prices won’t go down as much. The reason simple, they’ll jump back in before it get’s back to fundamentals. Then hordes of people that waited instead of emigrating will jump back in and prices will rocket up again, then speculators will start watching reruns of “Flip That House” and the cycle will repeat.

Seriously though, California is not likely to see reasonable prices by national standards any time soon. The prices will be much lower than they are now, but for the price, you will still less than half of what you could get elsewhere, even adjusted for the difference in wages.

[no_such_reality]

Let them go!

They are right. If they don’t go, prices won’t go down as much. The reason simple, they’ll jump back in before it get’s back to fundamentals. Then hordes of people that waited instead of emigrating will jump back in and prices will rocket up again, then speculators will start watching reruns of “Flip That House” and the cycle will repeat.

Seriously though, California is not likely to see reasonable prices by national standards any time soon. The prices will be much lower than they are now, but for the price, you will still less than half of what you could get elsewhere, even adjusted for the difference in wages.

[Author]

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